Pomerantz LLP has filed a class action lawsuit against Futu Holdings Ltd. over potential securities fraud or unlawful business practices. Investors who purchased or acquired Futu securities during the Class Period have until August 25, 2026, to seek appointment as Lead Plaintiff. The complaint follows a Reuters report on May 22, 2026, that China would crack down on illegal cross-border securities, causing Futu's American Depositary Shares to drop 27.5% to $89.76. On May 28, 2026, Futu disclosed first-quarter 2026 financial results including proposed penalties of approximately RMB1.85 billion, leading to a further 4.8% decline in its ADS price to $104.91.
Futu Holdings LtdClass action lawsuit and regulatory crackdown on illegal cross-border securities, causing significant stock drop.
